Biden administration announces more than $2 billion in grants to boost US power grid
grist.org
The grid is overburdened, under-resourced — and vital to the energy transition. New federal funding aims to increase capacity and get more clean energy built.
  • Kit@lemmy.blahaj.zone
    16·
    4 months ago

    Tldr “Though the new projects take on a variety of flavors, they are all ultimately chasing after a singular goal: bolstering a power grid that is central to the effort to stop using fossil fuels.”

  • lettruthout@lemmy.worldEnglish
    81·
    4 months ago

    And in compensation for the investment, the federal government will get a share of the profits made from that electricity, right?

    • Kit@lemmy.blahaj.zone
      13·
      4 months ago

      The compensation is access to electricity. And this project is specifically tied to greener sources of energy.